PZ Fractal Channel MT5
- Indicatori
- PZ TRADING SLU
- Versione: 3.0
- Attivazioni: 20
Rediscover how fractals can transform your trading
This is a very simple yet effective indicator to trade breakouts of variable fractal periods. A fractal is a price formation of an odd number of bars, being the middle bar the highest or lowest price point of the formation. These prices act as short-term support and resistance levels, which this indicator uses to draw a price channel and display breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
- Easy to trade
- Fractal breakouts can start long trends
- The fractal channel is a great trailing stop method
- It is non-repainting and non-backpainting
- It implements alerts of all kinds
- Customizable colors and sizes
Input Parameters
- Period: amount of bars to calculate fractals from. Must be an odd number
- Breakouts: enable or disable breakouts
- Colors: customize arrow colors and size
- Alerts: Enable or disable alerts of all kinds
Author
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.